9 ways advisers may have custody without knowing it

As complexity in the financial advice business goes, there is nothing quite like the infamous custody rule, which includes a gauntlet of trigger points that can deem a registered investment adviser as having custody.
According to SEC filings, about a third of registered investment advisers acknowledge custody status for at least some of their clients. But, due to the widespread confusion around what qualifies as custody, the belief is that the number of RIAs with custody is much higher.
Click through to see 9 surprising causes.
(Source: IAA, SEC, Schwab, TD Ameritrade, Fidelity)

Latest from InvestmentNews

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors.
So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.